In accordance with regulatory requirements prescribed by the Securities and Exchange Board of India (SEBI), stock exchanges, and the Prevention of Money Laundering Act (PMLA), financial intermediaries are required to periodically review and maintain updated client records. As part of this ongoing compliance framework, Groww may request certain customers to update or reconfirm their declared income details.

Income information forms an integral part of a client’s KYC and risk profiling framework. Maintaining accurate financial details enables compliance with regulatory risk assessment norms and exchange-level surveillance mechanisms.

Why This is Important?

1. Regulatory Compliance

Groww operates under regulations prescribed by the Securities and Exchange Board of India (SEBI), stock exchanges, and the Prevention of Money Laundering Act (PMLA), 2002.

These regulations require intermediaries to:

Conduct ongoing Customer Due Diligence (CDD)
Periodically review and update client financial information
Record material changes in a client’s declared financial profile

Requests to update income details are part of this regulatory review process.

2. Risk Profiling and Surveillance Requirements

Income details are a key component of your financial profile and are considered within regulatory risk assessment frameworks. Updated information helps:

Align trading and investment activity with declared financial capacity
Meet exchange-level surveillance and reporting standards
Maintain appropriate risk categorisation of client accounts

3. Ongoing KYC Review Obligations

KYC is a continuous process and not a one-time requirement. Based on regulatory norms and risk categorisation, clients may be required to periodically reconfirm or update their financial details. This ensures that account records remain current and compliant with applicable regulations.

4. Ensuring Appropriate Product Access

Certain investment products and trading segments are subject to eligibility criteria based on a client’s financial profile, including declared income. Maintaining updated income details helps:

Ensure eligibility assessment for specific trading segments and investment products
Align access to products with declared financial capacity
Comply with regulatory suitability and risk management requirements

Once you update your income details:

The information is reviewed as part of compliance verification
Supporting documents (if submitted) are validated
Your records are updated upon successful verification

You will be notified once the review is completed.

How to Update Your Income Details on Groww?

Log in to your Groww app
Click on the profile icon (top right)
Click on Account Details
Click on Personal Details
Scroll down to find Income range
Click on the edit icon and update your income range

We appreciate your cooperation in maintaining accurate and up-to-date account information. It ensures your account records remain compliant and your access to relevant trading and investment features continues without interruption.

- Team Groww